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| Exchange Disseminated Time | | Exide Industries Ltd has informed BSE that the members of the Company by way of Postal Ballot have passed the special resolution, to create, otter, issue and allot in one or more tranches, in the course of domestic/international offerings to one or more persons as the Board may determine at its absolute discretion, whether or not they are shareholders of the Company, including but not limited to Domestic investors/Foreign Investors whether having presence in India or not, Mutual Funds, Banks, Financial Institutions, Insurance Companies, Pension Funds through a Private Placement with or without an over allotment option, equity shares and/or any securities convertible into equity shores at the option of the Company and / or holder(s) of the securities and/or securities linked to equity shares and/or securities with warrants including any instruments or securities representing either equity shares and/or Convertible Securities or securities linked to equity shares or equity shares/fully convertible debentures along with warrants or any securities other than warrants, which are convertible or exchangeable with equity shares at a later dale, to Qualified Institutional Buyers ("QIBs") under Chapter VIII of the SEBI ICDR Regulations, being Qualified Institutions Placement ("QIP") or a combination of the foregoing (hereinafter collectively referred to as "QIP Securities"), listed on a recognized stock exchange in India, through an offer document and/or placement document and/or information memorandum and/or any other offering document(s), and/or listing particulars, as the Board in its sole discretion may at any time or times hereafter decide, subject to the number of Equity shares issued initially or on conversion in case of convertible securities, as on the date of issue of such convertible securities, not exceeding 5,00,00,000 (Five crores) Equity Shares, such issue and allotment to be made at such time or times In one or more tranches, denominated in one or more currencies, at such price or prices in such manner and where necessary in consultation with the Lead Managers and/or other Advisors or otherwise on such terms and conditions as the Board may. in its absolute discretion, decide at the time of issue of QIP Securities or on any other date as the Board may deem fit. |
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